SharpLink Gaming Stock Scheduled to Reverse Split on Tuesday, May 6th (NASDAQ:SBET)

Posted by Joseph Casey on May 2nd, 2025

SharpLink Gaming, Inc. (NASDAQ:SBET – Free Report)’s stock is set to reverse split on the morning of Tuesday, May 6th. The 1-12 reverse split was announced on Thursday, May 1st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, May 5th.

SharpLink Gaming Price Performance

NASDAQ:SBET opened at $0.29 on Friday. The firm has a 50-day moving average of $0.30 and a two-hundred day moving average of $0.51. SharpLink Gaming has a 1-year low of $0.19 and a 1-year high of $1.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SharpLink Gaming stock. Tallon Kerry Patrick bought a new stake in SharpLink Gaming, Inc. (NASDAQ:SBET – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 42,663 shares of the company’s stock, valued at approximately $29,000. Tallon Kerry Patrick owned approximately 1.19% of SharpLink Gaming as of its most recent SEC filing. 13.75% of the stock is owned by institutional investors and hedge funds.

About SharpLink Gaming

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SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.